Allspring Global Investments Holdings LLC Takes $31,000 Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Allspring Global Investments Holdings LLC bought a new position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 355 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds have also modified their holdings of KOF. Itau Unibanco Holding S.A. boosted its position in shares of Coca-Cola FEMSA by 13.9% in the second quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after buying an additional 62,282 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Coca-Cola FEMSA by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock worth $19,030,000 after buying an additional 5,166 shares during the last quarter. Sei Investments Co. lifted its position in shares of Coca-Cola FEMSA by 7.7% in the second quarter. Sei Investments Co. now owns 167,276 shares of the company’s stock worth $14,359,000 after buying an additional 11,920 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Coca-Cola FEMSA by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock worth $12,447,000 after buying an additional 4,742 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Coca-Cola FEMSA by 2.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 110,410 shares of the company’s stock worth $10,732,000 after buying an additional 2,233 shares during the last quarter.

Coca-Cola FEMSA Stock Up 0.9 %

KOF stock opened at $81.33 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $79.32 and a 1-year high of $104.38. The business’s 50 day moving average is $86.93 and its 200-day moving average is $89.21.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 14th were issued a $0.7811 dividend. This represents a dividend yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA’s payout ratio is currently 11.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays dropped their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. UBS Group dropped their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $103.91.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.